This movie came highly recommended to me from a co-worker whom I'm fairly certain practices dark magic in his spare time. (At the very least he's a bright guy who's really into gaming, and knows a thing or two about spells.) He convinced me that this film is a cut above your average early 70's cult-witch-psychedelic boob-fest.
And it's true, this movie strives for more. It follows the trials of Simon, a gifted warlock who lives in a storm drain. People perceive him as either a street magician, a pathetic vagrant, or all around cool guy. Simon's appearance and demeanor is that of a wizened Bee Gee who's seen some serious shit. The actor who plays him (Andrew Prine) carries the film with his deep commitment to the character.
After getting arrested for walking in the rain, Simon befriends Turk, a male prostitute who quickly becomes his trusty sidekick.
To clarify - Turk is presented as a male prostitute who primarily services women (as if such a thing ever existed).
Turk introduces him to a millionaire playboy who is quite impressed with Simon's magical skizzles. Aware that Simon is uniquely gifted, but has little to show for it, the rich gentleman challenges him to use his powers to "tip the scale". Once a warlock is challenged he must either use his power or lose it. This results in some deaths... It culminates with a psychedelic bug-out sequence after Simon jumps through a mirror.
Truth be told I was slightly bored at first but became intrigued by the end.